Geelong Conveyancing

First Home Owner Grant

The First Home Owner Grant - provides eligible first home buyers with a $7000 grant. This grant is not means-tested nor is it restricted by the price of the property.
The Grant is an on-going scheme.

First Home Bonus
1 July 2009 to 30 June 2010 (contract date)
If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $2,000 (for established homes) or $11,000 (for new homes only), known as the First Home Bonus (the Bonus).
To be eligible to receive the Bonus, the purchase price of the property must not exceed $600,000.
1 January 2007 to 30 June 2009 (contract date)
If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $3,000 (for established homes) or $5,000 (for new homes only), known as the First Home Bonus (the Bonus).
To be eligible to receive the Bonus, the purchase price of the property must not exceed $500,000.

Regional Bonus
1 July 2009 to 30 June 2010 (contract Date)
For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $4500 regional bonus is also available (in addition to the $11,000 bonus).
6 May 2008 to 30 June 2009 (contract date)
For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $3000 regional bonus is also available (in addition to the $5000 bonus).

First Home Owner Boost
The First Home Owner Boost, which was launched by the Australian Government, supplements the Victorian Government funded First Home Owner Grant of $7000. The Boost provides:
14 October 2008 to 30 September 2009 (contract date)
• an extra $7000 to first home buyers who purchase an established home; and
• an extra $14,000 to first home buyers who build a new home or purchase a newly constructed home.
1 October 2009 to 31 December 2009 (contract date)
• an extra $3500 to first home buyers who purchase an established home; and
• an extra $7000 to first home buyers who build a new home or purchase a newly constructed home.


		First Home Owner Grant The First Home Owner Grant - provides eligible first home buyers with a $7000 grant. This grant is not means-tested nor is it restricted by the price of the property. The Grant is an on-going scheme. First Home Bonus 1 July 2009 to 30 June 2010 (contract date) If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $2,000 (for established homes) or $11,000 (for new homes only), known as the First Home Bonus (the Bonus). To be eligible to receive the Bonus, the purchase price of the property must not exceed $600,000. 1 January 2007 to 30 June 2009 (contract date) If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $3,000 (for established homes) or $5,000 (for new homes only), known as the First Home Bonus (the Bonus). To be eligible to receive the Bonus, the purchase price of the property must not exceed $500,000. Regional Bonus 1 July 2009 to 30 June 2010 (contract Date) For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $4500 regional bonus is also available (in addition to the $11,000 bonus). 6 May 2008 to 30 June 2009 (contract date) For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $3000 regional bonus is also available (in addition to the $5000 bonus). First Home Owner Boost The First Home Owner Boost, which was launched by the Australian Government, supplements the Victorian Government funded First Home Owner Grant of $7000. The Boost provides: 14 October 2008 to 30 September 2009 (contract date) • an extra $7000 to first home buyers who purchase an established home; and • an extra $14,000 to first home buyers who build a new home or purchase a newly constructed home. 1 October 2009 to 31 December 2009 (contract date) • an extra $3500 to first home buyers who purchase an established home; and • an extra $7000 to first home buyers who build a new home or purchase a newly constructed home.
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